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Bonaire signs TT International to Revport

14 January 2008  |  1753 views  |  0 Source: Bonaire

Bonaire Software Solutions, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT Revenue Management and Fee Billing application has been selected by TT International (TTI), headquartered in London, UK.

TTI chose Bonaire after conducting extensive due diligence on other vendors.

REVPORT software automates and calculates fees for the fee billing and invoice process. Bonaire's clients are able to calculate any type of fee for revenue streams, as well as fees and disbursements associated with accounts and portfolios. REVPORT takes in a data feed from the client's recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices.

"The Bonaire team really impressed us with their understanding of our business and their approach to solving some of the unique and complex revenue management challenges facing investment management firms like ours," said Graham Barr, Financial Controller. "It was clear from the start that Bonaire has great experience working with wealth and asset managers and has been better able to address the billing issues that are common to our industry. REVPORT will be a great asset to our business and will provide the platform to underpin the planned growth in our billing volumes."

"We are extremely proud of our new relationship with TTI and also having added another premier investment firm to our growing, global client base," said Gary Watts, UK MD of Bonaire. "Since 1999 we have built a solid client base consisting of many of the world's leading asset managers, all of whom have come to trust our products and services."

REVPORT Revenue Management Key Features:
  • Automates revenue management and fee billing
  • Calculates complex fees, accruals, produces invoices and generates all accounting and audit output
  • Centralizes fee calculation rules, embedding knowledge in the application and enhancing financial management and control
  • Seamlessly integrates with existing upstream / downstream financial management and reporting systems

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